05:42 PM EDT, 07/31/2024 (MT Newswires) -- Qiagen ( QGEN ) reported Q2 adjusted earnings late Wednesday of $0.55 per diluted share, up from $0.51 per share a year earlier.

Analysts polled by Capital IQ expected $0.52.

Net sales for the quarter ended June 30 rose to $496.3 million from $494.9 million a year earlier. Analysts surveyed by Capital IQ expected $494.6 million.

For Q3, the company expects adjusted EPS of at least $0.55 at constant exchange rates on net sales of at least $495 million. Analysts polled by Capital IQ expect adjusted earnings of $0.54 on revenue of $500.8 million.

For 2024, Qiagen ( QGEN ) raised its outlook of adjusted EPS of at least $2.16 from $2.14 and decreased net sales guidance to at least $1.99 billion from $2 billion. Analysts expect normalized EPS of $2.14 on revenue of $2 billion.